Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[bitcoinlitcoinbtcltc]

bitcoin is going to die

[adamstgBit]

if bitcoin dies, i'm holding the bag, i dont give a shit, these coins have sentimental value to me 

[adamstgBit]

if bitcoin dies, i'm holding the bag, i dont give a shit, these coins have sentimental value to me 

just no intrinsic value 

i really don't care about material things. the things i really care about are intangible 

[MikeH]

http://www.theverge.com/2013/8/23/4651926/us-government-seized-5-million-from-bitcoin-behemoth-mt-gox

Probably there are better and more complete accounts out there somewhere.

surely they would have made that back by now, anyone done the calculations?  I remember people saying they did 500k in one day a while back.

[spooderman]

MtGox problem would cause a flash crash just like SR one did. Nothing more, nothing else. I'm not worried in a slightest.

Maybe I'll finally get my bids on stamp filled

[OldGeek]

if bitcoin dies, i'm holding the bag, i dont give a shit, these coins have sentimental value to me 

Now, you know that I'm a nay-sayer on a lot of the topics that come up in this subforum, so to be consistent ... I don't think that bitcoin dies.  It could get very sick and fall prey to panic so that it seems on the verge of death, but not complete oblivion.

There is value to the protocol and the blockchain.  There has to be value for the miners to continue.  Have more faith, but don't count on untold riches either.

[bitcoinlitcoinbtcltc]

if bitcoin dies, i'm holding the bag, i dont give a shit, these coins have sentimental value to me 

just no intrinsic value 

i really don't care about material things. the things i really care about are intangible 

if that's true, you should sell bitcoins now before everyone else does, so you can buy the intangible things you care about (bitcoins) back cheaper, so you have more of it

Bitcoin market cap before China: 2.5 billion
Bitcoin market cap when CHina enters: 10+ billion
Bitcoin market cap when China leaves: 2 - 4 billion
Price of bitcoin /4 -5 = around the $200 mark

$200 is a realistic value for bitcoin, over $1,000 is extremely outrageous.

Sell now, buy back later .

[OldGeek]

Interesting that most seem to think that the Chinese are through with XBT.

[loopgate88]

if bitcoin dies, i'm holding the bag, i dont give a shit, these coins have sentimental value to me 

Now, you know that I'm a nay-sayer on a lot of the topics that come up in this subforum, so to be consistent ... I don't think that bitcoin dies.  It could get very sick and fall prey to panic so that it seems on the verge of death, but not complete oblivion.

There is value to the protocol and the blockchain.  There has to be value for the miners to continue.  Have more faith, but don't count on untold riches either.

So you are saying that there will be no $1,000,000 btc this month? Shame...

[adamstgBit]

if bitcoin dies, i'm holding the bag, i dont give a shit, these coins have sentimental value to me 

Now, you know that I'm a nay-sayer on a lot of the topics that come up in this subforum, so to be consistent ... I don't think that bitcoin dies.  It could get very sick and fall prey to panic so that it seems on the verge of death, but not complete oblivion.

There is value to the protocol and the blockchain.  There has to be value for the miners to continue.  Have more faith, but don't count on untold riches either.

So you are saying that there will be no $1,000,000 btc this month? Shame...

we could see a new ATH on gox 

[OldGeek]

Which 'most' you been listening to?

... chinese are just getting started. Thing about china is there is the 'official' china and there is the real china. Real china luvs bitcoin and they will get it one way or the other because that is in the design of bitcoin to route around even severe damage like the chinese communist state abomination ...

'Most' of the fud merchants who should know better, but continue to sound convincing.

I completely agree with your summation of the Real China.

[adamstgBit]

if bitcoin dies, i'm holding the bag, i dont give a shit, these coins have sentimental value to me 

Now, you know that I'm a nay-sayer on a lot of the topics that come up in this subforum, so to be consistent ... I don't think that bitcoin dies.  It could get very sick and fall prey to panic so that it seems on the verge of death, but not complete oblivion.

There is value to the protocol and the blockchain.  There has to be value for the miners to continue.  Have more faith, but don't count on untold riches either.

I know that.... all i'm saying is i will be a bitcoin market participant forever, no matter what happens.

and on that note, i'm going to try and get some sleep!

good night everyone don't let the FUD get to you.

[billyjoeallen]

if bitcoin dies, i'm holding the bag, i dont give a shit, these coins have sentimental value to me 

just no intrinsic value 

Bitcoin is based on Austrian economics and praxeology. In Austrian economics, there is no such thing as "intrinsic value."  All value is derived from PERCEIVED use and future use.
If praxeology is valid, and the success of Bitcoin so far indicates that it is, intrinsic value will carry the same economic weight as "blessed" or "cursed".

[OldGeek]

Speaking of stabbing people, which we weren't, what ever happened to the gazillion wall street bucks that were waiting to pour onto the exchanges after Jan 1?

[Richy_T]

check the #mtgox IRC channel, current rumour is that Mark has done a runner. Sounds like FUD to me though.

I've seen the pictures. He's not running anywhere.

[OldGeek]

I've seen the pictures. He's not running anywhere.

lol

[hmmmstrange]

check the #mtgox IRC channel, current rumour is that Mark has done a runner. Sounds like FUD to me though.

I've seen the pictures. He's not running anywhere.

That's just mean, he might have a medical condition. So what if he has to waddle instead of run.

[OldGeek]

Speaking of stabbing people, which we weren't, what ever happened to the gazillion wall street bucks that were waiting to pour onto the exchanges after Jan 1?

You mean the ETFs? They are not set up yet.

Nah. Back in December all the rage was to talk about all the wall street money that was going into the exchanges.

[fonzie]

check the #mtgox IRC channel, current rumour is that Mark has done a runner. Sounds like FUD to me though.

I've seen the pictures. He's not running anywhere.

That's just mean, he might have a medical condition. So what if he has to waddle instead of run.

 

[DaRude]

I've seen the pictures. He's not running anywhere.

lol

Maybe a power walk at best  but i loled